Markets


Tesla Model 3 announced: Price, India pre-order and other key details
- April 07, 2016

Priced at $35,000 this vehicle is Tesla's cheapest yet, and will mark its transition from a luxury auto manufacturer to a more general consumer company. Production will not start until late 2017, and to handle orders, the EV firm will double its dealership and service network. Fulfilling its sales targets for the Model 3 of around 500,000 vehicles per year will be an enormous challenge for Tesla , however. (more...)
Democratic White House hopefuls cheer end of Pfizer, Allergan deal
- April 06, 2016

But Pfizer, which makes sex wonder drug Viagra, does not come out of the deal unscathed - it has to pay $400million in "expenses" to Allergan. Treasury's new regulations , which affect inversions that took place over the course of the past three years, would "prevent a foreign company (including a recent inverter) that acquires multiple American companies in stock-based transactions from using the resulting increase in size to avoid the current inversion thresholds for a subsequent USA ... (more...)
Panama law firm says data hack was external, files complaint Panama law firm says data hack was external, files complaint
- April 06, 2016

It allows tax administration to apply specific stringent measures on financial transactions with these countries. "I own no shares, no offshore trusts, no offshore funds, nothing like that". Founding partner Ramon Fonseca said his firm Mossack Fonseca, which specialises in setting up offshore companies, had broken no laws and that all its operations were legal. (more...)
Tesla Fails To Deliver Enough Model X Cars In Q1, Blames 'Hubris'
- April 06, 2016

It revealed that it delivered 14,820 cars in the first quarter, falling short of the expected 16,000. Tesla Motors blames its own "hubris" as a factor for supplier parts shortages that severely initially reduced the number of its new Model X crossovers that it was hoping to deliver in the first quarter. (more...)
"Panama Papers" Lead to Investigations by Governments Globally
- April 06, 2016

The "Panama Papers" have cast light on the financial arrangements of high profile politicians and public figures and the companies and financial institutions they use for such activities. He clarifies that he himself doesn't have any offshore funds but he does not say whether his family does or whether he or his family will benefit from Blairmore Holdings in the future. (more...)
Shares in Allergan slump after tax inversion clampdown Shares in Allergan slump after tax inversion clampdown
- April 06, 2016

If this happens, we would expect PFE to respond positively as the deal overhang is removed. If that happened, Pfizer likely would spin off the established products business. But analysts and tax experts are debating whether the new, unexpectedly aggressive tax law changes issued late Monday will kill the deal. The company is in the process of restating the affected financial statements and the restated financial statements will be included in the company's Form 10-K for the year ended ... (more...)
Pre-bookings open in India for Tesla Model 3 Pre-bookings open in India for Tesla Model 3
- April 05, 2016

According to CarAdvice , Tesla Motors has managed to collect 115,000 pre-orders for the company's latest electric model. But it should be noted that this announcement is conspicuously close to April 1st, a day well known by pranksters the world over. (more...)
Here's the all-new Tesla Model 3!
- April 04, 2016

Tesla has revealed the Model 3, its first truly mainstream electric vehicle, and claimed it has already taken 150,000 pre-orders for the auto. Musk said the Model 3 will seat five comfortably, and he emphasized "comfortably". Musk said Tesla will double the number of extra fast super chargers, which can recharge a battery in about a half hour, and quadruple the number of standard chargers by the end of 2017. (more...)
Microsoft Corporation's (MSFT) Oculus Rift Shipping Has Now Commenced Microsoft Corporation's (MSFT) Oculus Rift Shipping Has Now Commenced
- April 04, 2016

The victor Ross Martin was himself not aware that he was the first person to be delivered the Rift headset, and that the delivery would be made by Luckey. They start at $1,499 but can cost upwards of $3,000. Virtual reality is a computer-simulated reality (in a device) that replicates, via photos, an environment that simulates a physical presence in places in the real world or an imagined world, allowing the user to interact in that world. (more...)
Virat Kohli named World Twenty20 player of the tournament
- April 04, 2016

International Cricket Council (ICC) has announced the team of the tournament for the T20 World Cup 2016. He was the second-highest run-scorer in the tournament, behind Bangladesh's Tamim Iqbal who hit 295 runs. The teams were chosen by a select group of former cricket stars and highly respected commentators like Nasser Hussain, Ian Bishop and Sanjay Manjrekar. (more...)
Tesla Model 3 unveiled, gains lot of advance orders before event
- April 04, 2016

Or perhaps it's that the Tesla Model 3 is such an fantastic vehicle, it takes more time to figure out how to build it in volume. Tesla boss Elon Musk unveiled the entry-level Tesla in Los Angeles. With almost 250,000 Model 3's reserved, sight unseen, that dream is becoming a lot closer to reality. The Model S overtook the Leaf as the best-selling electric vehicle in December 2014. (more...)
Microsoft wants people to have more intelligent conversations with their computers
- April 04, 2016

Microsoft also announced that Cortana will be making its way to the Xbox and that the Windows and Xbox stores will now finally be unified into one marketplace. Microsoft on Wednesday kicked off its annual Build developer conference in San Francisco with its first keynote spearheaded by CEO Satya Nadella. (more...)
Tesla Unveils Model 3 Sedan, Expects 2017 Release Date
- April 04, 2016

In an in interview with ABC News , Jack Nerad, executive editorial director for Kelly Blue Book, said the Model 3 is a "critical vehicle for Tesla. Still, some analysts are doubtful. But one thing is for certain, people are excited about the Model 3 . Audi will follow with an electric SUV in 2018. (more...)
Tesla Model 3 Receives 232000 Orders
- April 04, 2016

According to The New York Times , each pre-order of Model 3 included a charge of $1000, and Tesla Motors took in over $115 million within a day. Well, Musk says - and to no surprises - " Recommend, ordering soon, as the wait time is growing rapidly ". (more...)
Knife found at OJ Simpson's home not murder weapon
- April 04, 2016

Brown-Simpson and Goldman were found stabbed to death at her Los Angeles home on 12 June 1994. To date, the murder weapon has never been found. Officer George Maycott's lawyer said he had retired from the force and was working as a security guard by the time he was given the knife . (more...)
Microsoft (finally) turns every Xbox One into a dev kit today
- April 04, 2016

Most of the top smartphone app including Siri on Apple phones and Cortana on Windows phones can not help you if you raise an alert to them that you are raped, want to commit suicide, feel depressed or are being abused, researchers have revealed. (more...)
Tesla books over $8bn in overnight sales claims Elon Musk
- April 03, 2016

He then presented slides on the record levels of carbon concentration, increased global temperatures as well as the 53,000 deaths a year in the USA that can be attributed to auto emissions. Considering the fact that Tesla, as a company, has only ever sold slightly upwards of a hundred thousand cars since its first roadster in 2008, the problem becomes visible. (more...)
In 24 hours, Tesla takes 180000 Model 3 orders
- April 03, 2016

Tesla says the Model 3 will be able to travel at least 215 miles on a single charge, and do 0-60 mph in less than 6 seconds. For a company that delivered slightly over 50,000 cars past year, the idea of producing several hundred thousand or even a million would require a significant readjustment in its production and supply chain process. (more...)
Tesla Model 3 orders in 24 hours
- April 03, 2016

On the day of its launch, the Model 3 attracted 134,000 reservations, with each potential buyer depositing $1,000 in order to get a stab at the affordably-priced electric sedan. The company hopes to eventually produce up to 500,000 vehicles a year, he added . Musk noted that with all new technology, multiple iterations are needed and economies of scale prior to making the unit affordable. (more...)
Tesla Model 3 Unveiled, Does It Live Up To The Hype? Tesla Model 3 Unveiled, Does It Live Up To The Hype?
- April 03, 2016

Tesla Motors unveils its Model 3 vehicle at the Tesla Motors design studio Thursday, March 31, 2016, in Hawthorne, Calif. The promise of an affordable electric auto from Tesla Motors had hundreds of people lining up to reserve one. According to TechCrunch , Tesla has committed to having double the number of superchargers from 3,600 to 7,200. Like the Model S, there is both rear and all-wheel drive options and there's a 15-inch touchscreen inside (slightly smaller than other models). (more...)

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